NOT LISTED FOR SALE

Estimated Value: $843,000 - $858,000

4 Beds
3 Baths
2,461 Sq Ft
$346/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2025

Last sale price $850,000 $345 Per Sq Ft

Current estimated payment $4,944 / mo

235 Days on Market

Highlights

  • Corner Lot
  • Wall Furnace
  • 1-Story Property
  • No HOA
  • Front Yard

About This Home

As of December 2025

Very nice corner location at corner of 5868 Deane Ave and 59th St. in highly desirable Park Hills Heights neighborhood. The unit mix consists of 3 units - one 2 bedroom + 1 bath unit and two 1 bedroom + 1 bath units with each unit having its own garage. Based on the gross building area of 2,461 square feet, the average unit size is approximately 820 square feet. Situated near Windsor Hills and neighboring communities of Park Mesa Heights, Leimert Park, View Park, Crenshaw Manor, and Baldwin Hills. Ideal property for an owner/user or an astute investor looking to take advantage of long-term rental growth. Value add property. The 1 bedroom 1 bath front house will be delivered vacant, which will allow the buyer to refresh and rent at FMV. One unit is located over the garage. Rents are super low so huge potential rental upside. The site is rectangular shaped with a total land area of 6,625± square feet, or 0.15± acre. The topography of the site is level and situated at street grade. Constructed in 1941, the property is regulated by the Rent Stabilization Board.

Last Agent to Sell the Property

Michael Millea

Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-233-2800 License #01069014 Listed on: 03/14/2025

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Gwen Thomas

Exclusive Realty Inc License #01742984

Exclusive Realty Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 6,627 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Rectangular Lot
  • Level Lot
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,461 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 255
  • Tax Tract Number 5279
  • Assessor Parcel Number 4004007021
  • $442 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $370
  • Gardener Expense $600
  • Insurance Expense $3,076
  • Maintenance Expense $1,624
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $10,794
  • Operating Expense $18,765
  • Gross Income $33,840
  • Net Operating Income $13,722

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

6,627 Sq Ft Lot

Parking

3

Listing Details

  • Assessments: Yes
  • CapRate: 1.53
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LAR1
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 4004007021
  • Year Built: 1941
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 345.39

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Rectangular Lot, Level
  • Lot Size Sq Ft: 6627.00
  • Lot Size Acres: 0.1521

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 300.00
  • Fuel Expense: 370.00
  • Gross Income: 33840.00
  • Gross Multiplier: 26.58
  • Gross Scheduled Income: 33840.00
  • Insurance Expense: 3076.00
  • Lot Size Area: 6627.0000 Square Feet
  • Maintenance Expense: 1624.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 13722.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Operating Expense: 18765.00
  • Rent Control: Yes
  • Total Actual Rent: 1570.00
  • Total Expenses: 18765.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 10794.00
  • Tax Area: 0-212
  • Tax Census Tract: 2347.00
  • Tax Lot: 255
  • Tax Tract Number: 5279
  • TaxOtherAnnualAssessmentAmount: 442.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Nov 17, 2025
Sold by
Bought by
Seller's Agent
Michael Millea
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Gwen Thomas
Exclusive Realty Inc
List Price
$899,500
Sold Price
$850,000
Premium/Discount to List
-$49,500
-5.5%
Views
70
Current Estimated Value
$852,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,333
Avg. Annual Appreciation
0.44%
Original Mortgage
$1,275,000
Outstanding Balance
$1,274,772
Interest Rate
6.24%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Estimated Equity
-$422,439

Purchase Details

Closed on
Oct 24, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Upward Title Company
$850,000 Upward Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,275,000
Closed $1,275,000
Closed $1,275,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2025 12/17/25 Sold $850,000 -5.5% $345 / Sq Ft
11/04/2025 11/04/25 Pending -- -- --
03/14/2025 03/14/25 For Sale $899,500 -- $366 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,163 $226,280 $113,358 $112,922
2024 $3,099 $221,844 $111,136 $110,708
2023 $3,050 $217,495 $108,957 $108,538
2022 $2,925 $213,231 $106,821 $106,410
2021 $2,875 $209,051 $104,727 $104,324
2020 $2,898 $206,909 $103,654 $103,255
2019 $2,798 $202,853 $101,622 $101,231
2018 $2,730 $198,877 $99,630 $99,247
2016 $2,593 $191,156 $95,762 $95,394
2015 $2,559 $188,286 $94,324 $93,962
2014 $2,590 $184,599 $92,477 $92,122
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25057029

California Regional Multiple Listing Service (CRMLS)

APN: 4004-007-021

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